Stock is moving in a clear uptrend, you can trade on both the side in the channel.
When touches the trend line on down go long and sell on the upper trend line for the short term.
Trade for 1st June can be taken to short it for the target price of 1230 as from the divergence can be seen.
Pro tip - Swing traders can hold the stock for the short term. It is...
Sustained above 237 will lead the price to reach the target of 241/245/249/ trail sl sl 229.3
Sell below 219 if sustained then 214/212/206 is the target with trail sl of 229.3
**Educational purpose only
The Stock is going to fall tomorrow because:
1)There is a gap down which needs to be filled.
2) Moreover the price is moving in a downward Channel.
All levels have been indicated.
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1. Cipla price took the reversal from 1.61 level of the last peak on an Hour Chart.
2. Looks like cipla about to make the shooting star formation on an hour chart.
3. It has already formed shooting star formation on 15M Chart with valid Volume.
4.to keep the trading Safe
SELL BELOW: 627 Target: 614 , 597 Stop Loss: 639
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After a huge rally, retracement is expected, and this is a retracement trade
Overall, Balkrishna Industries is in an uptrend, so be careful
Information is given on the chart
This is an educational post
I hope you can now see how the BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is...
After the recent fall Tech Mahindra has been consolidating. Daily chart suggests the formation of a bearish flag, with base around 472 levels. A break below this level can push the prices down to the interim demand zone marked in the chart.
The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and...
1. Shooting Star Formation on Daily Chart.
2. Recently , At the price of 3278 Double TOP Formation maid by the daily chart.
3. It has close the price 78.6% Retracement Level from the Double Top Level.
4. On Drawing AB=CD Pattern with 78.6% Retracement Level.
5. Assuming D Point Formation at 1.27 level Price comes at 2819.
6. Sell below 3110 Target: 3083,...
After a vertical fall Nifty retraced to 50% and now giving an opportunity to short it. High of yesterday could work as stop loss and one can expect the target of 8700/8400 which offers a good risk to reward ratio.